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probably in the evening to get back to washington early thursday. possibly meet with congressional leaders. start working the phones, trying to move this forward because, frankly, when you talk to administration officials in private, they admit this is pretty tall right now because the president hasn't had a conversation with speaker boehner since last friday. now, if there is any hope in any of this, it's the fact that the president's aides say that both he and the speaker before they left washington on friday and saturday made clear that maybe christmas could provide a cooling off period that will bring them back together. take a listen. >> everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. enjoy the company of loved ones. >> hope springs eternal and i know we have in it to come together and do the right thing. blessed merry christmas. >> speaking warmly about maybe the holidays can kick start things. the fact of the matter is reality tomorrow which is that both sides are still far apart on two big issues at
probably in the evening to get back to washington early thursday. possibly meet with congressional leaders. start working the phones, trying to move this forward because, frankly, when you talk to administration officials in private, they admit this is pretty tall right now because the president hasn't had a conversation with speaker boehner since last friday. now, if there is any hope in any of this, it's the fact that the president's aides say that both he and the speaker before they left...
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Dec 26, 2012
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six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out. they have got the snow blowers. they have got to clear that ice after tornadoes also like this one touched down last night. look. >> it's right there. >> we got to hurry up and get past. >> yeah, this is one of 30 tornadoes that spun out of the storm system that damaged at least 125 homes and businesses. happened across alabama, other parts of the south overnight. and we have learned now that more than 25 people were injured in mississippi. three people died in texas, oklahoma and arkansas. officials are working to restore power to about 21,000 cu
six days, dana bash, from washington. thank you. >> reporter: thank you. >>> now to this wild weather causing a headache for holiday travelers. snow and sleet are disrupting things for drivers in indiana right now. the day after christmas usually means a trip to the mall. for a lot of people. checking for sales or exchanges, you know the deal. but for people like the ones you're seeing now, and others in the midwest and south, this is cleanup time. they have got the shovels out....
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Dec 26, 2012
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he was well regarded in washington d.c. too among the i delegation. yes, i think this is the perfect path for a comeback if he is going to do that. he's going back to his old district where he's known well. he'll make a go.thishe it will either work or it won'ti but this is the most direct path back to public life and public service he could probably find.h >> ifill: if they run against each other it will be the most hotly covered race in the country. >> this is a republican seat so it's likely that a republican will hold that seat when it's over.en >> ifill: let's talk about the governor of new jersey. t we had been watching chris christie a lot whether it was to do super storm sandy or whether to campaign for mitt romney. s there's a lot of question about whether he would get the o challenge from the very popular mayor of newark, at least popular in some circles cory booker. >> what's interesting about this is that cory booker put out a web video which is how all the a politicians announce these days. he said i'm interested in obnning for senate. th
he was well regarded in washington d.c. too among the i delegation. yes, i think this is the perfect path for a comeback if he is going to do that. he's going back to his old district where he's known well. he'll make a go.thishe it will either work or it won'ti but this is the most direct path back to public life and public service he could probably find.h >> ifill: if they run against each other it will be the most hotly covered race in the country. >> this is a republican seat so...
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Dec 26, 2012
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we're waiting for news out of washington. that's going to be a catalyst. typically we see light volumes, we don't see a ton of trading. what do you expect the action to be while we're waiting for this decision? do you expect anything out of the ordinary this year? >> no, i don't. i think we'll see light volumes again, too. i think we're going over the fiscal cliff. but what i think is, the market has grown accustomed to that. small caps are up 9.5% since mid-november. that's optimistic in my mind. what i think they think is that we go over the fiscal cliff and sometime in the first week and a half, that's the political theater where the republicans can then cut taxes instead of raising taxes on anyone. and all will be well. i do think, however, the one thing that i'm worried about is the markets are okay with that, and they -- in our business we say buy the room or sell the facts. they price in this good outcome that happens the first week of january. then there's no reason left to buy. we priced that in and go lower. i did establish shorts on christmas ev
we're waiting for news out of washington. that's going to be a catalyst. typically we see light volumes, we don't see a ton of trading. what do you expect the action to be while we're waiting for this decision? do you expect anything out of the ordinary this year? >> no, i don't. i think we'll see light volumes again, too. i think we're going over the fiscal cliff. but what i think is, the market has grown accustomed to that. small caps are up 9.5% since mid-november. that's optimistic in...
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Dec 26, 2012
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as some lawmakers are also heading back to washington. but with just six days to go, homes for a last-minute deal may be fading. nbc's kristin welker is with us tonight from honolulu. kristen. >> reporter: natalie, good evening. with president obama flying home this evening, the political rhetoric has already started, with republicans urging action in the senate, and with democrats calling on republicans to put middle class families first. the president and first lady spent part of their christmas visiting troops in honolulu. >> we want to say thank you. we love you. >> reporter: but now he heads back to a snowy washington, where the last hope for a deal to avert the fiscal cliff is the senate, which returns tomorrow. majority leader harry reid is devising a partial solution that could ease economic fears. >> if we go over in a chaotic fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would re
as some lawmakers are also heading back to washington. but with just six days to go, homes for a last-minute deal may be fading. nbc's kristin welker is with us tonight from honolulu. kristen. >> reporter: natalie, good evening. with president obama flying home this evening, the political rhetoric has already started, with republicans urging action in the senate, and with democrats calling on republicans to put middle class families first. the president and first lady spent part of their...
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Dec 26, 2012
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the term we use in washington to describe this is indication. i don't think that makes clear the critical task we are pursuing here. this is about rebuilding in a smarter, better and stronger way. we should learn from the important lessons in the gulf after hurricane katrina. transit agencies lost buses in the storm and when they started speaking with fema about replacing those buses fema said they could not buy new buses. they had to buy used buses the same age to replace those buses. these agencies were put in the absurd position of scouring the country trying to find someone who would seldom old buses but with mitigation funding we can pay for a new bus to replace the old one. the same principle applies to rail transit. hoboken pass station was flooded and coming back to service after weeks after the storm, should we put the station back together with the same exact vulnerability to flooding? or should we rebuild in a way that would prevent such extensive flood damage in the future? of course we should rebuild to protect against future storms
the term we use in washington to describe this is indication. i don't think that makes clear the critical task we are pursuing here. this is about rebuilding in a smarter, better and stronger way. we should learn from the important lessons in the gulf after hurricane katrina. transit agencies lost buses in the storm and when they started speaking with fema about replacing those buses fema said they could not buy new buses. they had to buy used buses the same age to replace those buses. these...
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Dec 26, 2012
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the president is going back to washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of concern that the republican party failed to do anything. that it seems that in the house now boehner has no control over his extreme right wing faction. >>> want to bring in david nakamara and meredith shiner. david, i'll start with you. you know, the president coming back for appearance sake as some might say or, you know, when we look at what he can do tomorrow what might he have in the works here? >> richard, i think to get a look at that, look at friday scaling down the proposal. he said i want a big deal ultimately but before the new year we don't have time and probably going to work wit
the president is going back to washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of...
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right now we're doing very well in the state of washington. north dakota. excellent, now in nevada. and our people are in the right places and doing the things to become a delegate. it's way too soon to write anybody off. just because somebody is in second or third place, there's a race going on. what if mitt romney isn't the best person? >> people have tried to portray you as a kind of ruthless money machine who some failed, some succeeded, you didn't care, you still got your fee, or you made a ton of money but actually quite a few of the companies that made, a lot of people lost their jobs, their livelihoods and lost money. to me the key question is do you know instinctively from your recollections how many of those companies that you went into would have failed anyway if you hadn't? >> well, there's no question but that a number of places where we went in and invested, we were investing in an enterprise that was in trouble, that -- where the future was very much in doubt for it and we invested in one busy think it lost 50 or $60 or more million the year before we invested and a l
right now we're doing very well in the state of washington. north dakota. excellent, now in nevada. and our people are in the right places and doing the things to become a delegate. it's way too soon to write anybody off. just because somebody is in second or third place, there's a race going on. what if mitt romney isn't the best person? >> people have tried to portray you as a kind of ruthless money machine who some failed, some succeeded, you didn't care, you still got your fee, or you...
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washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the bottom line is the president is leaving hawaii here tonight, as you suggested, just to try and jump-start things. he's going to be landing because of the big time difference, a long flight
washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off...
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Dec 26, 2012
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are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next fi
are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ]...
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-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we really do. gregg: good to see you both. >> good to be here. >> thanks so much, gregg. heather: coming up, a potentially major strike threatening the u.s. economy from coast to coast as business leaders ask where is president obama? with poor workers on the brink of a walkout that could cost billions. gregg: and we are learning more about the man who killed two firefighters, upstate new york. we're going to talk with a clinical psychologist about how a man like this could slip through the cracks, a man who claimed in his farewell note that killing peop
-- >> washington times liberal? -- financial times liberal? >> well, they endorsed obama. they said it was the same budget he proposed in 2011 that got -- gregg: i'm out of time. basil, give me your prediction come next tuesday, will there be a deal or not? >> i think harry reid will do a stopgap deal, and we'll be back at the drawing board. gregg: tony 134. >> that's what's going to happen at best, and it's not going to solve the problem. we need the grand bargain, we...
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he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new
he's flying back to washington tonight and aides say he's ready for a deal. it's not clear whether this trip is a sign of compromises to come or another display of theater showing the president is willing to work even as his opponents skip town. meanwhile, though, americans are growing skeptical. in the last week alone, gallup found a 15-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate...
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you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's no real cuts in the cliff. >> you guys sound like congress. keep on arguing behind the scenes. enjoy yourselves. thank you so much, michael. peter, you're sticking around. >>> meantime, the fiscal cliff may be a big deal but there is another threat out there which might be in the short term more risky. the container cliff. businesses up and down the eastern seaboard are bracing for a massive port showdown as unions threaten to strike and possibly shut down most imports and exports out of this country. let's add in cnbc contributor jimmy peeb. we focus so much on the fisca
you know, you have to remember, i sit here in washington, d.c. and of course, the line of course on "squawk box" this morning was lawmakers are much more inclined to say i was there to lower your taxes and i didn't vote to raise your taxes. as simplistic as that is, i think it's true so i think they let us go over and then cut the taxes and they undo all the good the cliff could actually do. >> but there's no real spending cuts. that's part of the problem. it's all talk. there's...
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joe johns, cnn, washington. >>> comedian dino joins us. top of the list, scandal in washington. are you surprised petraeus topped the list? >> no, i'm not. he's the top spy in america, and he can't keep an affair secret. there's some human quality in there and humor at the same time. it's remarkable to me. it's men in power thinking they can get away with it, bill clinton, john edwards, newt gingrich, and it's endemic of women in power thinking they can live by different rules. >> let's turn now to the royal family. even the royal family couldn't escape the litany? >> absolutely not. in this case, though, prince harry. he had trouble after trouble. if you invite a bunch of people to your room, get drunk, play strip poker, and allow them to take pictures, you're going to be in the press. while the duchess unfortunately for her had some expectations of privacy, she was alone on a french villa, and they used long lenses to take pictures of her. completely different scenario. that's why he deserves to be in the media and she doesn't for what she did. >> is it a double standard, thou
joe johns, cnn, washington. >>> comedian dino joins us. top of the list, scandal in washington. are you surprised petraeus topped the list? >> no, i'm not. he's the top spy in america, and he can't keep an affair secret. there's some human quality in there and humor at the same time. it's remarkable to me. it's men in power thinking they can get away with it, bill clinton, john edwards, newt gingrich, and it's endemic of women in power thinking they can live by different rules....
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come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at
come back to washington, first and foremost. dennis: a musical about some guy singing about his real feelings. lori: we are looking at the markets. tracy: i would like to see that, but i have not. lori: i have only seen it on broadway. stalks off to a tough start. early numbers point to a tough season. tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that...
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meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there. i would put a stop loss at 8715 and my target is 8265. >> nice to see you. hope you had a good holiday. look forward to catching up with you. >> likewise. >> guys, what do you make of what we've seen in dollar yen? weiss, do you have a play? doc? >> well, their market turned on this pretty dramatically. it posted up 1.5% gain on the weakness out of the yen. so if that continues into next year, scott, which based on what he's just said that will not happen, in other words, we're looking at more down side pressure, i think that's good for the markets though. >> joe, tell me why the viewer watching right now should care about what the yen does? >> they should care. this is a se
meeting and you still have this problem that we have in washington called the fiscal cliff. i just don't like the way that one's playing out. the reason that's important is that when the market gets into risk op mode they tend to sell the dollar and buy the yen. >>> what kind of levels are we talking about? >> right now we're sitting around 8570. i would comfortably sell the dollar against the yen there. i would put a stop loss at 8715 and my target is 8265. >> nice to see...
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we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience has been put on the carpet here with this one, and the totality of newtown, aurora, tucson, a number of others, this just bizarre situation out of webster, new york, guy sets a fire, firefighters come and he basically tries to take target practice and picks off a number of them, killing two, injures another two, damaging other people's homes. i guess, you know, out of last week's bizarre press
we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not...
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charisse canada terror run of ones that the country is making a dangerous move by following washington and taking in militant groups off the target. and syrian activists claim government shelling has killed twenty children in the north rebel fighters attack areas close to the turkish border. news and comment twenty four hours a day this is r.t. on carry just whether you prefer to hit the high street for the best deals or snap office online this is the day to do it but boxing day bargain hunters are out in force and although they're keeping the u.k. still ringing you might be surprised to know whose pockets are being mined playboy has been finding out. proud to be british brits interests alike often pay for their quintessentially british experience says unaware that they're run by foreign companies harrods the dorchester hotel and even the queen's grocer fortnum and mason keeping the fortnum and mason is a british store. is it not. it's been here for ages so i assumed it was wholly owned by british people. never mind everything's ok now you know the ways and the things are getting. almo
charisse canada terror run of ones that the country is making a dangerous move by following washington and taking in militant groups off the target. and syrian activists claim government shelling has killed twenty children in the north rebel fighters attack areas close to the turkish border. news and comment twenty four hours a day this is r.t. on carry just whether you prefer to hit the high street for the best deals or snap office online this is the day to do it but boxing day bargain hunters...
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candy crowley, cnn, washington. >> civil unrest. a new dictator, and a teen who took on the taliban. they're among our top ten international stories of 2012. here's cnn's zain verjee. >> can you believe it is already the end of the year? actually, the mayan calendar said it would be the end of the world, but oh, my goodness, look at this. we're still here and we're heading into 2013. there were so many headlines this year. so many important stories of 2012, from conflict, hopelessness, to inspiration and hope, and we also made sure we had a little bit of fun. take a look. >> number ten -- the queen of england celebrated her diamond jubilee year. it rained on her flotilla parade, but it didn't take the sparkle out of the magical moment. millions lined the streets, millions more tuned in for this famous wave. >> number nine. september 11th in benghazi, libya. u.s. ambassador chris stevens and three other americans killed in a terror attack on the u.s. diplomatic mission there. american officials first suggested it was spontaneous, spa
candy crowley, cnn, washington. >> civil unrest. a new dictator, and a teen who took on the taliban. they're among our top ten international stories of 2012. here's cnn's zain verjee. >> can you believe it is already the end of the year? actually, the mayan calendar said it would be the end of the world, but oh, my goodness, look at this. we're still here and we're heading into 2013. there were so many headlines this year. so many important stories of 2012, from conflict,...
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careless kalib it warns of the country's making a dangerous move by following washington taking the radian militant group off the television. and damascus blames terrorists for killing twenty including children in the north while the rebels accuse the regime but there seems to be no clear picture of the mutual finger pointing. there of a grieving too if you just joined us here at the new center tonight our top story britain's bargain hunters are out in force with shops reporting record boxing day takings both in store and online and other shoppers are keeping the u.k. stills ringing then you might be surprised to know whose pockets a big line polly boyd. has been finding out. proud to be british brits interests alike often pay for their quintessentially british experience says unaware that they're run by foreign companies harrods the dorchester hotel and even the queen's grocer fortnum and mason keeping the fortnum and mason is a british store. is it not. it's been here for ages so i assumed it was wholly owned by british people no nevermind everything's ok now you know the ways and the th
careless kalib it warns of the country's making a dangerous move by following washington taking the radian militant group off the television. and damascus blames terrorists for killing twenty including children in the north while the rebels accuse the regime but there seems to be no clear picture of the mutual finger pointing. there of a grieving too if you just joined us here at the new center tonight our top story britain's bargain hunters are out in force with shops reporting record boxing...
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he says there is lot of mythology in washington. going on the vast majority of jobs in the united states are produced by capital investment, business and software, not small business. it is done by big business. he is trying to make the point there's a lot of mythology in washington about rising taxes, eliminating jobs and it is just not the case. i don't, catheri, do you believe he believes this? and, or do you think he is saying it to try and toe the party line and make everybody happy? >> i can't speak for him and but i will respectfully disagree. according to the u.s. department of labor, 65% of all net new jobs come from small businesses. i don't know where he is getting his facts but i happy to know, let's talk about the ups stores, a competitor to fedex. they have opened over 100 new franchise locations this year. each one of those locations hires three to five employees. that is 300 to 500 new jobs from small businesses. melissa: yeah. >> i don't know that fedex has hired that many people this year. melissa: jim, i want to a
he says there is lot of mythology in washington. going on the vast majority of jobs in the united states are produced by capital investment, business and software, not small business. it is done by big business. he is trying to make the point there's a lot of mythology in washington about rising taxes, eliminating jobs and it is just not the case. i don't, catheri, do you believe he believes this? and, or do you think he is saying it to try and toe the party line and make everybody happy?...
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careless candidate to run the walls of the country is making a dangerous move following washington in taking a rainy and militant group off the talent's we examine that in more detail. and damascus blames terrorists for killing twenty including children and little while the rebels accuse the regime but still seems to be no clear picture behind each finger point. i am. aware that if you just joined us for a good evening to review watching around the world it's kevin owen here tonight at the r.t. new center in our top story tonight bargain hunters right in force with shops reporting record boxing day takings both in store and online for the shoppers are keeping the u.k. still ringing when you might be surprised to know though the people whose pockets are being lined polyploid in finding out a bit more about that. proud to be british brits interests alike often pay for their quintessentially british experience says unaware that they're run by foreign companies harrods the dorchester hotel and even the queen's grocer fortnum and mason keeping the fortnum and mason is a british store. is i
careless candidate to run the walls of the country is making a dangerous move following washington in taking a rainy and militant group off the talent's we examine that in more detail. and damascus blames terrorists for killing twenty including children and little while the rebels accuse the regime but still seems to be no clear picture behind each finger point. i am. aware that if you just joined us for a good evening to review watching around the world it's kevin owen here tonight at the r.t....
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so once iranian terrorist organization gets backing from washington a report from tehran on why many believe little has really changed within the group . and defying international objections israel continues to push for widespread settlement expansion in east jerusalem and occupied territories retaliation for the palestinians recent u.n. status upgrade. around the world and around the mrs kerry just. now the sale season is underway in the u.k. where millions of people are still indulging themselves to some festive holiday shopping but little do they know that much of the money they thought they were spending on iconic british products actually goes straight into the pocket so foreigners. has the story. proud to be british brits interests alike often pay for their quintessentially british experience says unaware that they're run by foreign companies harrods the dorchester hotel and even the queen's grocer fortnum and mason keeping the fortnum and mason is a british store. is it not. it's been here for ages so i assumed it was wholly owned by british people. never mind everything's ok
so once iranian terrorist organization gets backing from washington a report from tehran on why many believe little has really changed within the group . and defying international objections israel continues to push for widespread settlement expansion in east jerusalem and occupied territories retaliation for the palestinians recent u.n. status upgrade. around the world and around the mrs kerry just. now the sale season is underway in the u.k. where millions of people are still indulging...
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Dec 26, 2012
12/12
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what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less venues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california and several other states that topate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experiment
what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less venues. lou: do you interpret...
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Dec 26, 2012
12/12
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left won't go as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. resi
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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Dec 26, 2012
12/12
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the president will leave hawaii very late tonight to come back to washington, d.c. to we in town as the senate and house reconvene tomorrow. >> congresswoman nan hayworth is here. i don't know what to ask you, we keep counting down the days waiting for a deal. you are waiting for a deal too. what are the odds -- but i should say realistically where is the republican party at in coming together and signing anything? >> we want to get the job done and in august the house passed and not just with republican votes, but with democratic colleagues as well, we passed extension of all the '01 and '03 tax relief, pending full tax reform so we can get the economy to grow again. because the common link we all have is that we want to see 23 million unemployed or underemployed american goes back to work. the only way to do is to provide relief to employers. small ones, big ones. the president has talked about lowering corporate tax rates, high nest the world. that's terrific. but we have the majority of small businesses that do 2/3 of the hires in the country. a majority of them
the president will leave hawaii very late tonight to come back to washington, d.c. to we in town as the senate and house reconvene tomorrow. >> congresswoman nan hayworth is here. i don't know what to ask you, we keep counting down the days waiting for a deal. you are waiting for a deal too. what are the odds -- but i should say realistically where is the republican party at in coming together and signing anything? >> we want to get the job done and in august the house passed and...
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Dec 26, 2012
12/12
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KRON
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he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a round and we will have scattered showers for the rest of the day. showers wil
he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's...
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Dec 26, 2012
12/12
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the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fiscal cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of thi
the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal...
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Dec 26, 2012
12/12
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is washington the most polarized that it's ever been? some senators saying they've never seen this kind of polarization before in their entire time there. in fact, senator joe lieberman leaving office now in sort of an exit interview, saying he's never seen it more polarized. >> gretchen: he's calling the partisanship a cancer. here is a quote from the article in that interview. i'm not saying i was always right, i'll leave that to god and history. but i believed i was doing what i thought was right and people didn't just disagree with me. there was hatred. but i'm not alone in that. you can take the last three presidents, clinton, bush, obama and people haven't just disagreed with them, they've hated them. to me, that's really terrible. that's a cancer that's eating at our politics. >> rick: he also said that even with the last three presidents being worse than he's ever seen, the last two years have been absolutely the worse that there has been an amount of inability to work together and compromise and it's completely stopping our syst
is washington the most polarized that it's ever been? some senators saying they've never seen this kind of polarization before in their entire time there. in fact, senator joe lieberman leaving office now in sort of an exit interview, saying he's never seen it more polarized. >> gretchen: he's calling the partisanship a cancer. here is a quote from the article in that interview. i'm not saying i was always right, i'll leave that to god and history. but i believed i was doing what i...
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Dec 26, 2012
12/12
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. >> it began in iowa, moved through illinois, indiana, ohio and moved into washington, d.c. it's just a fast-moving, longlasting violent thunderstorm complex. >> after charging 800 miles, 22 were dead and 5 million were without power. number five, the dallas 22. there's an old myth that tornadoes don't hit big cities. >> it was so scary. remind you of "the wizard of oz" when the tornado hit and everything going around and around. >> caused nearly $1 billion worth of damage within 24 hours. number four, deadliest tornadoes. >> take it away from us, lord. >> tornadoes took up three slots in our top ten countdown. but this was the deadliest. march 2nd and 3rd, 70 confirmed tornadoes killed 7 people in the northwest. hurricane isaac. >> isaac was a killer. >> the country held its breath as the levees. >> reporter: yet again. plaquemine's parish was tested. by september, 66% of the u.s. was in some degree of drought. the dry weather is expected to continue into 2013. and this could become the costliest natural disaster in u.s. history. and number one, superstorm sandy. >> this hi
. >> it began in iowa, moved through illinois, indiana, ohio and moved into washington, d.c. it's just a fast-moving, longlasting violent thunderstorm complex. >> after charging 800 miles, 22 were dead and 5 million were without power. number five, the dallas 22. there's an old myth that tornadoes don't hit big cities. >> it was so scary. remind you of "the wizard of oz" when the tornado hit and everything going around and around. >> caused nearly $1 billion...
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Dec 26, 2012
12/12
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it's an embarrassment how washington is acting. i am begging somebody in washington, step up. be accountable. take responsibility. solve the root cause of these issues. get smart about your weight. >>> the graphic says it, market flash. welcome back to the program. let's look at best buy. the stock's not moving higher, but there are positive comments out there. rare positive comments from an analyst about the store upgrades. bby has been remodeling a number of stores. david chick says they are a real improvement from the old stores. he visited a bunch post, pre, and post remodel. he thinks these are pretty good. he believes they can help with the magnolia sales. their higher end store within a store. making positive comments about these remodels. still, not really helping the stock today. bby shares are down 33% just this quarter. seems like a buyout may be the only big-time hope for bby in the near term. >> brian, thank you for that. currency wars are back. japan's new prime minister is warning the bank of japan had must match efforts by both the u.s. fed and ecb to weaken th
it's an embarrassment how washington is acting. i am begging somebody in washington, step up. be accountable. take responsibility. solve the root cause of these issues. get smart about your weight. >>> the graphic says it, market flash. welcome back to the program. let's look at best buy. the stock's not moving higher, but there are positive comments out there. rare positive comments from an analyst about the store upgrades. bby has been remodeling a number of stores. david chick says...
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Dec 26, 2012
12/12
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the president's not seeing progress and wants to get back to washington as soon as possible to goose the process. time is running out. economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the
the president's not seeing progress and wants to get back to washington as soon as possible to goose the process. time is running out. economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the...
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Dec 26, 2012
12/12
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. >> chip reid in washington, thank you. police in newtown got a break today. officers from nearby communities worked the shifts there so that the newtown p.d. could have ingsstmas off. it's been 11 days since the shootings. tiny christmas stockings with the names of the victims are hanging near sandy hook t allntary. a candlelight vigil is scheduled to last all day today. h6 candles-- one for each victim shot at the school. volunteers are taking three-hour shifts to make sure the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare
. >> chip reid in washington, thank you. police in newtown got a break today. officers from nearby communities worked the shifts there so that the newtown p.d. could have ingsstmas off. it's been 11 days since the shootings. tiny christmas stockings with the names of the victims are hanging near sandy hook t allntary. a candlelight vigil is scheduled to last all day today. h6 candles-- one for each victim shot at the school. volunteers are taking three-hour shifts to make sure the flames...
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Dec 26, 2012
12/12
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is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the fiscal cliff mess. tax filing season starts next week but the irs would put a hold on that for some. officials would wait for a deal in the new year instead of doing serious reprogramming to their tax system. filing would then be pushed back to march for millions. with refunds coming much later than usual. especially for those who plan on paying off credit card bills that often pile up after the holidays. now all of this could be avoided a deal before the deadline monday night but some long time lawmakers fear it won't happen, more on that when i s
is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to vote on the wealth tax and it needs to be adjusted for inflation. both partisay they would agree to it but it's all tied up in the...
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Dec 26, 2012
12/12
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CSPAN2
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a columnist for "the washington post," david is a renowned writer of fiction and nonfiction and is later during his most recent string of best-selling works of spy fiction. david is well known for his command of international affairs and his keen insight into the working of government and other factors. with these two gentlemen, we're poised for an illuminating an intriguing conversation about the world, the future and revenge of geography. bald and david, over to you. >> thank you. i think you're probably not supposed to see this as a serious moderator, but i love this book. it's embarrassing how architect it is and how many post its mouth i put not to flatter the teacher but because i really liked it. i'm going to try to walk the audience through this. we have bob walk the audience through and i would like to start with a provocative opening comment that you make. you set my reporting over three decades has convinced me that we all need to recover a sensibility of time and space that has been lost in the information age when the molders of public opinion - against the hours that will t
a columnist for "the washington post," david is a renowned writer of fiction and nonfiction and is later during his most recent string of best-selling works of spy fiction. david is well known for his command of international affairs and his keen insight into the working of government and other factors. with these two gentlemen, we're poised for an illuminating an intriguing conversation about the world, the future and revenge of geography. bald and david, over to you. >> thank...
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Dec 26, 2012
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this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast majority of americans don't have their taxes hiked and unemployment insurance is extended for 2 million americans who it is set to expire on and we can deal with fundamental tax reform in the new year. the hope for a grand bargain looks like it is too big to hope for in the next few days, but not having taxes go up on 98% of americans, that should be do-able. making sure that 2 million americans aren't kicked off the welfare rolls should be do-able. >> john, remind us what the consequences are if nothing happens in six days. >> suzanne, this is important for folks to a
this is not something abstract on the washington level. people need to appreciate if the country goes over the fiscal cliff, it will impact the bottom line as well. money out of their pocket in the form of tax hikes. >> we have stop gap measures. there are some things they can do. what are they at least talking about? >> the president said in his friday press conference that he was hoping for not a grand bargain but a piecemeal. let's come up to an agreement so that the vast...
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Dec 26, 2012
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washington journal live at 7:00 a.m. eastern on c-span. >> i just enjoy that it is straight forward, comprehensive, and you can really sense what is happening without a pundit interjecting, and that is what i really appreciate about c-span. it is definitely a great resource for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> c-span, created by america's cable companies in 1979. brought to you as a public service by your television provider. >> now, state and defense department officials testified at a hearing on violence in the eastern congo. a rebel group of congolese army defectors has been terrorizing people. the congolese army, with the aid of u.n. peacekeepers, has been battling the defectors for the past eight months. this is an hour and 40 minutes. >> the situation in the democratic republic of congo continues to evolve and is driven by complex interplay of regional power dynamics as well as an intricate web of economic and social issues. what is clear is t
washington journal live at 7:00 a.m. eastern on c-span. >> i just enjoy that it is straight forward, comprehensive, and you can really sense what is happening without a pundit interjecting, and that is what i really appreciate about c-span. it is definitely a great resource for anyone looking to become more familiar with how government works and the ins and outs of capitol hill. >> c-span, created by america's cable companies in 1979. brought to you as a public service by your...
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Dec 26, 2012
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kelly: that is a lot of talk going around in circles in washington right now. you're very optimistic something can be done but on the other hand there are several economist, juan, that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any plunge on wall street and the like but once you go over the cliff, especially if it is not just a matter of a day or two to allow for a house vote, but if it is really the case that politicians here in washington are so dysfunctional, kelly, they can not get the people's business done, i think then you will see a market reaction that, as you describe it, could plunge the country back into recession and it is not just the united states. remember, we're the world leader in terms of so much when it comes to the economy. it could cause worldwide implications. europe already is on th
kelly: that is a lot of talk going around in circles in washington right now. you're very optimistic something can be done but on the other hand there are several economist, juan, that predict indeed we'll go over the fiscal cliff and the inaction of congress has the potential of plunging the united states into another recession. that said, they can't afford to becoming a reality. >> so far they have been very fortunate that the markets have not reacted with panic. you have not seen any...
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Dec 26, 2012
12/12
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let's hope boehner's back in washington, obama's back in washington tomorrow. the players are there. harry reid is there. let's hope that they get there and for the sake of the country for the sake of our stability of our fiscal well, they get together on a plan that works. nobody will get 100% of what they want. hopefully somebody -- we get enough of what we want to keep the wheels turning. >> ana, do you think speaker boehner's leadership is suffering while this crisis continues? >> you know, i think a little bit of both to be honest with you. certainly he tried to get something from his caucus last week. that didn't work. that was not a strong moment for him. it was a moment of weakness. but at the same time, i think he looks like he's really trying. and it also paints the picture and makes it obvious that, you know, he's not just negotiating with president obama. he also has to then come back and sell to his own people, sell to his own caucus, which at points may be even more difficult than negotiating with the white house. so it tells us all just how compl
let's hope boehner's back in washington, obama's back in washington tomorrow. the players are there. harry reid is there. let's hope that they get there and for the sake of the country for the sake of our stability of our fiscal well, they get together on a plan that works. nobody will get 100% of what they want. hopefully somebody -- we get enough of what we want to keep the wheels turning. >> ana, do you think speaker boehner's leadership is suffering while this crisis continues?...